Among 21 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 14 have Buy rating, 1 Sell and 6 Hold. BidaskClub upgraded shares of ON Semiconductor from a "hold" rating to a "buy" rating in a report on Thursday, September 21st. Cypress Semiconductor Corporation had 66 analyst reports since August 31, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Friday, October 9 by Topeka Capital Markets. Mizuho maintained it with "Buy" rating and $1600 target in Thursday, June 22 report. Jefferies Group reaffirmed a hold rating and set a $20.00 price target on shares of ON Semiconductor in a report on Thursday, October 19th. Goldman Sachs Group Inc. now owns 1,333,089 shares of the semiconductor company's stock valued at $18,717,000 after purchasing an additional 201,771 shares during the period. The company now has an average rating of "Buy" and an average target price of $22.26.
The stock increased 1.94% or $0.44 during the last trading session, reaching $23.08. With 5.25 million shares average volume, it will take short sellers 4 days to cover their ON's short positions. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.35 and a quick ratio of 0.92. The company operates in the Technology sector with a market capitalization of 9.77 Million. ON Semiconductor Corp has a 12 month low of $13.02 and a 12 month high of $23.23. ON Semiconductor Corporation (NASDAQ:ON) has risen 70.76% since January 12, 2017 and is uptrending. Comerica Bank boosted its position in ON Semiconductor by 3.6% in the 2nd quarter. The return on assets stands at 5.7%, Return on Equity now is 19.2% and the Return on Investment value is 5.9%. The firm had revenue of $604.57 million for the quarter, compared to the consensus estimate of $602.16 million. S&Co Inc accumulated 0.19% or 96,910 shares.
Analysts expect Cypress Semiconductor Corporation (NASDAQ:CY) to report $0.18 EPS on February, 1.They anticipate $0.12 EPS change or 200.00 % from last quarter's $0.06 EPS.
In related news, CEO Keith D. Jackson sold 476,191 shares of the business's stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $13.00, for a total value of $52,000.00. Following the completion of the sale, the vice president now owns 305,807 shares of the company's stock, valued at $6,431,121.21. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 313.76 million shares or 0.67% more from 311.68 million shares in 2017Q2 were reported. Maplelane Capital Lc owns 1 shares or 0% of their United States portfolio.
A number of institutional investors have recently added to or reduced their stakes in ON. Finally, Scout Investments Inc. acquired a new stake in ON Semiconductor Corporation during the third quarter valued at approximately $134,000. Marshall Wace North America L.P. purchased a new position in shares of ON Semiconductor during the 2nd quarter valued at approximately $184,000. Emerald Mutual Fund Advisers Trust boosted its stake in ON Semiconductor Corporation by 2.5% in the second quarter.
The company now has an insider ownership of 1.5 Percent and Institutional ownership of 0 Percent. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Cypress Semiconductor by 0.4% during the second quarter. 0 analysts gave its stock an Outperform rating. The Georgia-based Suntrust Banks has invested 0% in Cypress Semiconductor Corporation (NASDAQ:CY). Following the transaction, the director now owns 64,060 shares in the company, valued at $1,223,546. Janus Henderson Group PLC bought a new position in shares of ON Semiconductor during the 2nd quarter valued at approximately $458,495,000. If you are viewing this piece of content on another website, it was stolen and republished in violation of worldwide trademark & copyright legislation. NAZARIAN DANA also sold $3.53 million worth of Cypress Semiconductor Corporation (NASDAQ:CY) on Friday, August 4. The Microcontroller and Connectivity Division provides microcontroller, analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreen and fingerprint reader products; USB controllers comprising solutions for the USB-C and USB power delivery standards; and Wi-Fi, Bluetooth, Bluetooth low energy and ZigBee radios, and WICED development platforms for the Internet of things (IoT).